Net Income Per Common Share Computations (Tables)

3 Months Ended

Mar. 31, 2018

The computations of net income per common share are presented in the following table.

Table 57: Net Income per Common Share



	Three Months Ended March 31,
($ In Millions Except Per Common Share Information)	2018		2017
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	225,681,167		229,059,540
Net Income	$	381.6	$	276.1
Less: Dividends on Preferred Stock	17.3		20.7
Net Income Applicable to Common Stock	$	364.3	$	255.4
Less: Earnings Allocated to Participating Securities	5.2		4.5
Earnings Allocated to Common Shares Outstanding	$	359.1	$	250.9
Basic Net Income Per Common Share	$	1.59	$	1.10
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	225,681,167		229,059,540
Plus: Dilutive Effect of Share-based Compensation	1,366,352		1,571,336
Average Common and Potential Common Shares	227,047,519		230,630,876
Earnings Allocated to Common and Potential Common Shares	$	359.2	$	250.9
Diluted Net Income Per Common Share	$	1.58	$	1.09

Note: For the three months ended March 31, 2018, there were no common stock equivalents excluded in the computation of diluted net income per share. Common stock equivalents of 468,381 for the three months ended March 31, 2017 were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.